Short Interest in Enstar Group Limited (NASDAQ:ESGRP) Rises By 78.6%

Enstar Group Limited (NASDAQ:ESGRP) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 55,900 shares, a growth of 78.6% from the December 15th total of 31,300 shares. Based on an average trading volume of 70,300 shares, the days-to-cover ratio is presently 0.8 days.

Enstar Group Trading Up 0.5 %

ESGRP opened at $20.11 on Wednesday. The business’s 50-day moving average is $20.41 and its two-hundred day moving average is $21.07. Enstar Group has a 1 year low of $19.01 and a 1 year high of $26.12.

Enstar Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Friday, November 15th were paid a dividend of $0.4375 per share. The ex-dividend date was Friday, November 15th. This represents a $1.75 annualized dividend and a dividend yield of 8.70%.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.